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The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures.
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Category Archives: Future of the Profession
Highlights from the November 2019 CAS Board of Directors Meeting
In pursuit of the Board’s efforts to serve and communicate with the members, this is another installment in our on-going series of blog posts summarizing highlights from CAS Board of Directors meetings. We hope that these posts help CAS members understand the role of the Board and the strategic issues the Board is addressing. As … Read more
The CAS Trust Scholarship: Expanding its Reach and Impact in the P&C Actuarial Industry
Fall is upon us again, and university students have been back in the classroom for a few weeks now. With the new academic year also come exciting changes to the CAS Trust Scholarship that will not only increase the awards available for college students, but also help position the CAS as the premier actuarial society … Read more
Posted in Future of the Profession, University Engagement.
3 Highlights from the CAS Leadership Summit
Over September 5-6, more than 80 Casualty Actuarial Society (CAS) leaders, both staff and members, converged in Baltimore for the annual Leadership Summit and related activities. The first day , CAS Vice Presidents hosted in-person meetings with their respective committee chairs and staff. Later that night Leadership Summit attendees networked and socialized at a baseball … Read more
Rating Variables, Educative Statements, and the I.I.I.
The CAS and the Insurance Information Institute (I.I.I.) recently released a white paper on the use of rating variables to develop insurance premiums. As a member of the CAS Public Relations Advisory Committee and a contributor to the paper, I would like to give you a little behind the scenes information about some of the … Read more
Posted in Communications, Future of the Profession.
What is CAS Student Central and How Can it Benefit Your Future Employees?
When I decided that I wanted to pursue actuarial science back in 2006, student resources were scarce and expensive. In fact, I was the one that told my professor that the first exam was no longer calculus (and hadn’t been since 1999). On top of that, information about the property and casualty career path was … Read more
Posted in Future of the Profession.
The Future of Credentialing for Catastrophe Risk
Over the past thirty years catastrophe risk management has grown into a critical part of insurance risk management. The power, rigor and importance of the discipline is clear from the fact that insureds, insurers, reinsurers, regulators and investors all use catastrophe models and the same basic analytic risk management paradigms. The discipline has revolutionized how … Read more
Posted in Future of the Profession, Risk Management.
2019 CAS Spring Meeting: President’s Perspective
The 2019 CAS Spring Meeting in New Orleans has just concluded! As expected, it was a great meeting with tremendous presentations on a wide variety of topics. The CAS offered lots of opportunity to learn, discuss, and expand your knowledge while earning CE credits. The CAS also recognized 60 new Fellows and 253 new Associates. … Read more
CAS’ Continuing Diversity Efforts
Led by the CAS Diversity Committee, the CAS continues to ramp up efforts to promote diversity and inclusion within the actuarial profession. Last year, we organized or supported a number of signature events, such as: Our general session on diversity and inclusion (D&I) at the 2018 Spring Meeting, Presentations by the International Association of Black … Read more
Posted in Diversity, Future of the Profession.
Are You Qualified?
Earning the ACAS designation is a great accomplishment. Your college education, hundreds of hours of studying, and maybe a little exam luck have earned you a valuable accreditation for work in insurance and other industries. The question you should now ask yourself is “What does a CAS designation allow me to do?” If you work … Read more
Overcoming the Insurance Talent Gap
You’ve likely heard about the talent gap facing the insurance industry. The gap was detailed in a 2018 report by the Bureau of Labor Statistics; it found that there would be over 200,000 open positions in the industry by 2022 due to an aging workforce. Since that time, our industry is experiencing unprecedented change brought … Read more
Posted in Future of the Profession, Volunteerism.